P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Short Interest Update

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 42,600 shares, a decline of 23.8% from the September 30th total of 55,900 shares. Based on an average daily trading volume, of 22,400 shares, the short-interest ratio is presently 1.9 days. Approximately 0.8% of the company’s shares are sold short.

Insider Activity

In other P.A.M. Transportation Services news, Director Matthew T. Moroun purchased 4,073,700 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average price of $18.18 per share, with a total value of $74,059,866.00. Following the completion of the purchase, the director now directly owns 10,427,848 shares of the company’s stock, valued at $189,578,276.64. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 74.15% of the company’s stock.

Institutional Investors Weigh In On P.A.M. Transportation Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of P.A.M. Transportation Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock valued at $944,000 after acquiring an additional 701 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of P.A.M. Transportation Services in the first quarter worth approximately $307,000. Vanguard Group Inc. lifted its stake in shares of P.A.M. Transportation Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after buying an additional 2,808 shares in the last quarter. Empowered Funds LLC increased its position in shares of P.A.M. Transportation Services by 15.8% during the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock valued at $882,000 after acquiring an additional 7,442 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 22.06% of the company’s stock.

P.A.M. Transportation Services Stock Up 4.5 %

P.A.M. Transportation Services stock traded up $0.69 during trading hours on Friday, hitting $16.15. 15,920 shares of the stock traded hands, compared to its average volume of 21,062. The company has a market cap of $351.59 million, a PE ratio of 269.17 and a beta of 1.12. The company has a current ratio of 2.05, a quick ratio of 2.03 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $17.19. P.A.M. Transportation Services has a one year low of $13.51 and a one year high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Wednesday, July 24th. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.21). P.A.M. Transportation Services had a return on equity of 0.40% and a net margin of 0.17%. The business had revenue of $182.95 million during the quarter. On average, research analysts forecast that P.A.M. Transportation Services will post -0.03 EPS for the current year.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.